VF (NYSE:VFC) Given New $13.00 Price Target at Wells Fargo & Company

VF (NYSE:VFC) had its target price raised by Wells Fargo & Company from $12.00 to $13.00 in a report released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the textile maker’s stock.

Several other analysts have also issued reports on VFC. Citigroup lowered shares of VF from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $30.00 to $12.00 in a research note on Monday, April 7th. Telsey Advisory Group reduced their price objective on shares of VF from $27.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday. Truist Financial reissued a “hold” rating and set a $24.00 target price (up previously from $20.00) on shares of VF in a research report on Thursday, January 30th. Robert W. Baird upped their target price on VF from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, The Goldman Sachs Group decreased their price target on VF from $25.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.20.

VF Stock Down 1.2%

Shares of NYSE:VFC opened at $14.77 on Wednesday. The business’s 50 day moving average is $13.48 and its 200 day moving average is $19.40. VF has a 12-month low of $9.41 and a 12-month high of $29.02. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of -12.41, a PEG ratio of 6.77 and a beta of 1.68. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.

Institutional Trading of VF

Institutional investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. raised its holdings in VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after acquiring an additional 3,008 shares during the period. TB Alternative Assets Ltd. bought a new stake in shares of VF during the 4th quarter valued at $1,878,000. CKW Financial Group lifted its holdings in VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in VF by 5.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock worth $83,153,000 after purchasing an additional 211,440 shares during the period. Finally, GAMMA Investing LLC grew its holdings in VF by 1,355.2% during the 1st quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker’s stock valued at $6,276,000 after buying an additional 376,615 shares in the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.